Florida Couple Forecloses on Bank of America

Posted on Jun 15, 2011 12:00am PDT

A couple from Collier County, Fla foreclosed on Bank of America after the bank would not pay for legal fees they owed the couple.

The problems started when Warren and Maureen Nyerges purchased a home owned by Bank of America. The couple paid cash in full for the property, negating the need for a mortgage. At some unknown point, the paperwork for the home was sent to the bank's attorney to start foreclosure.

The Nyerges took the case to court, managing to get the foreclosure dropped after 18 months of proceedings. A Collier County judge ordered Bank of America to pay the couple's $2,534 legal fees. Five months passed and the bank still had not paid. Bank of America's inaction caused the couple's attorney to take action by moving to seize the bank's assets.

The Nyerges, attorney Todd Allen, moving trucks and armed deputies all converged on a Bank of America branch with the intent of taking the bank's property to satisfy the debt. The attorney stated "I instructed the deputy to go in and take desks, computers, copiers, filing cabinets, including cash in the drawers." The bank's manager was visibly shaken by the incident.

A little more than an hour had passed when the bank finally cut a check to satisfy the debt. A representative for Bank of America issued a statement apologizing for the delay in issuing funds. They claim the original request went to an outside attorney who is no longer in business.

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